a16z Podcast: The Hard Things about Security

No matter how one views Xiaomi -- and there are many ways to view it, for better or worse -- one thing is clear: It, and other such companies (like WeChat and Alibaba), indicate a broader trend around innovation coming from China. Companies and countries that were once positioned as copycats or followers are becoming leaders, and in unexpected, non-obvious ways. For example, through scale, distribution, logistics, infrastructure, O2O, a different kind of ecommerce, mobile marketing, even design... But of a very different kind than iconic examples like, say, SpaceX. Or Apple, which arguably could damage the U.S. if single-mindedly regarded as "our official most innovative company". Or so argue the guests on this podcast, which include a16z partner Connie Chan and author/long-time observer of internet and social media culture Clay Shirky, who is currently based at NYU Shanghai, wrote the popular book Here Comes Everybody, and most recently authored Little Rice on "smartphones, Xiaomi, and the Chinese Dream".

18 Feb 201631min

During his “Stratos” jump Felix Baumgartner fell faster than the speed of sound, reaching an estimated speed of 833.9 mph plummeting from the edge of space. Baumgartner’s return trip to earth lasted just over nine minutes, but there was seven years of preparation that came before the record-setting mission. Equipment had to be tested and pushed beyond its limit, and so did Baumgartner. It was the task of Red Bull’s director of high performance Andy Walshe to help train Baumgartner physically and psychologically to do what had never been done before. That’s Walshe’s job -- to work with Red Bull’s athletes and artists to get them to places they’ve never been before. Walshe joins the pod, along with a16z’s Jordan Stankowski, to discuss the methods, technologies, and tools he uses to help get people past seemingly unbreakable barriers. The good news is it isn’t just world-class athletes or your favorite pop-star that can benefit from Walshe’s research and work -- it’s all of us.

6 Feb 201641min

The NFL has descended upon Silicon Valley for Superbowl 50, and a16z was fortunate to have 30 of the world’s best football players post-up at the firm to talk about the intersection between the world of professional sports and venture capital. Joe Montana -- yes, the Hall of Fame 49ers quarterback – joins a discussion with a16z’s Jeff Jordan and Ben Horowitz about their approaches to tech investing and the startup ecosystem, how they manage the risk involved (there’s plenty), and whether athletes and other high-profile folks can -- and indeed should – get involved. Here’s one piece of common ground: The hardest thing for NFL legends and VC’s alike? Losing.

5 Feb 201625min

Max Levchin helped build PayPal. Then he went onto tackle gaming at Slide. Now he’s back in the world of payments and finance with his latest startup Affirm. a16z’s Angela Strange talks with Levchin about Affirm’s opportunity in the world of finance, and how it aims to build trust among a customer base that doesn’t trust banks. Why building models around loans requires making bad loans, and finally, why everyone should start watching Kurosawa’s "Seven Samurai" -- over and over.

5 Feb 201635min

Technology companies are running hard at almost every part of the traditional banking business -- from raising funds to moving money from one person to another. And as you would expect, that has meant change, both in terms of the banking services that are available to all of us, and the pricing of those services. It begs the question of what role banks play going forward, and whether tech companies are partners or competitors (or some combination) to the players in the traditional banking business? And finally, if banking gets unbundled by tech –- if there is a choice of services -- what fees, and at what price will consumers be willing to pay? a16z’s Alex Rampell leads a discussion with TransferWise Executive Founder Kristo Käärmann and Tilt founder and CEO James Beshara on the future of money and monetization. The discussion occurred as part of the firm’s U.K. Tech Summit. The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by a16z. (An offering to invest in an a16z fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by a16z, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by Andreessen Horowitz (excluding investments and certain publicly traded cryptocurrencies/ digital assets for which the issuer has not provided permission for a16z to disclose publicly) is available at https://a16z.com/investments/. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see https://a16z.com/disclosures for additional important information.

3 Feb 201621min

From Aaron Sorkin to Steve Jobs to Meredith Perry and Elon Musk, "original" thinkers -- such as entrepreneurs -- do a lot of different things to move the world to their visions. And many of those things (and traits) are counterintuitive, such as ... Embracing procrastination. But there's a catch: It's about being the just-right amount of procrastinator, expert, or confident. There's a curvilinear relationship between too much and too little. There's also some surprising findings about why NOT to "start with the why" but with the how. Because sometimes the how is much more believable than the why. Especially when it comes to getting people to engineer things from ubeam to SpaceX. Or to really being able to tell the difference between communication vs. confidence vs. competence. Ultimately, it's all about being flexible, argues top Wharton management professor and New York Times columnist Adam Grant in his new book Originals. So how do we strike the just-right balance -- whether making an entrepreneur or just trying to raise more creative, productive kids? Is the answer perhaps to immerse them in sci-fi books and video games? Well, J.K. Rowling could be the most influential "original" alive, argues Grant in this podcast... but not for the reasons you think.

2 Feb 201639min

Your homeowner’s insurance didn’t anticipate Airbnb. Your car insurance certainly didn’t see Lyft and Uber coming. And when your car drives itself, it’s anyone’s guess how the insurance industry will wrap its collective head around that one. a16z’s Frank Chen and Mike Paulus talk insurance on this segment of the pod. Yes, insurance. Insurance may not be the sexiest part of your life (hopefully), but because of the changes in how we move through the world -- literally and figuratively -- insurance is due for a reinvention. What are the possibilities for new and better insurance, and which technologies and trends are driving it.

29 Jan 201624min

There are fewer and fewer parts of our lives that don't feel like an extension of our smartphones. Any song you might want to hear. Any place you might want to go. And a ride to get there. All served up simply, quickly, at the right price, and with an experience that is actually enjoyable. And then there is the world of banking. Taavet Hinrikus, CEO and co-founder of money transfer company TransferWise, and a16z's Angela Strange discuss why and how banking and finance -- from paying back a friend to refinancing a mortgage -- is about to catch up to the rest of our technology-enabled lives. The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by a16z. (An offering to invest in an a16z fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by a16z, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by Andreessen Horowitz (excluding investments and certain publicly traded cryptocurrencies/ digital assets for which the issuer has not provided permission for a16z to disclose publicly) is available at https://a16z.com/investments/. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see https://a16z.com/disclosures for additional important information.

29 Jan 201627min